All,
If you look at previous price action/ RSI and compare it with current price action/ rsi there seems to be a pattern.
Previous price action which pushed to new ATH stayed within the RSI trend lines creating a pendant. Once RSI neared the end of the pendant it broke out to new ATH.
Current RSI is forming the same pendant and nearing the end of the pendant.
Previous breakout had a gain of $377. I am taking profits around $847
Let me know what you think about this pattern and trend. This is not trading advice.
If you look at previous price action/ RSI and compare it with current price action/ rsi there seems to be a pattern.
Previous price action which pushed to new ATH stayed within the RSI trend lines creating a pendant. Once RSI neared the end of the pendant it broke out to new ATH.
Current RSI is forming the same pendant and nearing the end of the pendant.
Previous breakout had a gain of $377. I am taking profits around $847
Let me know what you think about this pattern and trend. This is not trading advice.
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